MCRES Brokers Sale of 6101 E. Lombard Street in Baltimore City for $5.7 Million
Mid Atlantic Port Services acquires 30,253 square foot industrial/warehouse building on 5.48 acres with plans to relocate its logistics operations from the Fort Holabird Industrial Park
MacKenzie Commercial Real Estate Services has brokered the sale of 6101 E. Lombard Street, a 30,253 square foot industrial/warehouse building in Baltimore City to Mid Atlantic Port Services for $5.7 million. MacKenzie Senior Vice Presidents and Principals Daniel Hudak, SIOR, Andrew Meeder, SIOR and Matthew Curran, SIOR together with Real Estate Advisor Alton Curry represented the seller, Pastore’s, Inc. and Oxford Realty Advisor’s Scott Manhoff represented the buyer in this transaction.
The building became available due to the last year’s sale of Pastore’s, Inc., a family-owned business that had operated since 1898 as an Italian wholesale distributor of more than 1000 different food products – including the Sun of Italy brand – to Saval Foods, LLC. The new owner transferred all manufacturing and logistics operations from the building following the sale, which is equipped with 18-foot ceiling heights, 15 dock doors and one at-grade drive-in door, and selected MacKenzie Commercial Real Estate Services to identify a buyer entity.
Founded in 1991, Mid Atlantic Port Services specializes in moving military, state department and commercial household good shipments and vehicles both domestically and globally. The company intends to relocate its operations from a leased facility in the Fort Holabird Industrial Park later this year.
Fronting E. Lombard Street, the building is positioned on a 5.48-acre site and less than one mile from Interstate 895, less than two miles from US Route 40 and Interstate 95, less than five miles from Seagirt Marine Terminal and approximately 14 miles from BWI Airport.
“Our team fielded multiple offers for this highly-functional and strategically-located infill asset,” stated MacKenzie’s Hudak, “and Mid Atlantic Port Services emerged as the ideal buyer based on its immediate availability and opportunity to grow its business with additional space and excess land. Competition for single-occupancy buildings in the Baltimore industrial market, with direct access to major transportation networks, remains strong and the buyer aggressively pursued this opportunity.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com
